7254 S Constance
Chicago, IL 60649
South Shore
HIGHLIGHTS
- Stabilized Asset: An Incoming Investor is Set to Achieve an 9.6% Cap Rate Day One
- Tax Reduction: This Property is a part of the AHSAP Program, Offering a Reduction in Assessed Value
- Strong Rents: 11 Units are Currently Rented to Subsidy Tenants
- Long-Term Ownership: Meticulously Maintained & Managed by a Long-Term Local Owner
- New Developments: Close Proximity to the Obama Presidential Library Site
FOR SALE DETAILS
PRICE
$1,675,000 USD
PRICE/SF
$140 USD /SF
# OF UNITS
16
PRICE/UNIT
$104,688
CAP RATE
11.2%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1923
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.29 AC
LAND SF
12,500 SF
ZONING
C
APN/PARCEL ID
20-25-118-005-0000
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312-890-2232
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312-890-2232
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